ANALYSIS
NQ100 Finds Support from PPIApr 14
Losses in BTC continue on the first day of the week
Central banks of the developed countries showed a robust stance in increasing the interest rates, leading to sales in BTC in a setting where risk avoidance prevails. Technically, the cryptocurrency is falling around the lower line of the major pattern and here, 38 000 will be our first support level. If this level is broken downwards, we will focus on 37 000 support. On the other side, possible bullish movements above the upper line of the descending minor channel may target 39 700 resistance.
